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Tuesday, Sep 14, 2021

Solar Prices Increase Across Every Market Segment for the First Time in Seven Years

WASHINGTON, D.C. and HOUSTON, TX —Supply chain constraints are leading to price increases across every solar market segment, despite the addition of 5.7 gigawatts (GWdc) of solar capacity in Q2 2021, according to the U.S. Solar Market Insight report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, a Verisk business (Nasdaq: VRSK).

Tuesday, Jun 15, 2021

U.S. Solar Market Eclipses 100 Gigawatts

WASHINGTON, D.C. and HOUSTON, TX — The U.S. solar market surpassed 100 gigawatts (GWdc) of installed electric generating capacity, doubling the size of the industry over the last 3.5 years, according to the U.S. Solar Market Insight Q2 2021 report, released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie. Solar had a record-setting Q1 2021 and accounted for 58% of all new electric capacity additions in the United States. Renewable energy accounted for nearly 100% of all new electric capacity in Q1.

Tuesday, Mar 16, 2021

Solar Industry Sets Records in 2020, On Track to Quadruple by 2030

WASHINGTON, D.C. and HOUSTON, TX — The U.S. solar industry grew 43% and installed a record 19.2 gigawatts (GWdc) of capacity in 2020, according to the U.S. Solar Market Insight 2020 Year-in-Review report, released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie.

Tuesday, Dec 15, 2020

Solar Market Forges Ahead in Q3 as Residential Installations Recover and Utility-Scale Pipeline Grows

WASHINGTON, D.C. and HOUSTON, TX — U.S. solar companies installed 3.8 gigawatts (GW) of new solar photovoltaic (PV) capacity in Q3 2020, a 9% increase from Q2 installations as the industry experienced a recovery from the worst impacts of the COVID-19 pandemic.

Thursday, Sep 10, 2020

Utility Solar Market Drives Q2 Growth as Pandemic Causes Drop in Rooftop Solar Installations

Note: The Q3 2020 U.S. Solar Market Insight covers installation volumes in Q2 2020 and forward-looking trends. The second quarter of 2020 was the first full quarter in which the U.S. solar industry was exposed to the risks associated with the coronavirus pandemic. The forecasts in this report account for the coronavirus but are subject to uncertainty based on the unprecedented health, social and economic conditions in the United States.

Tuesday, Mar 17, 2020

Solar Accounts for 40% of U.S. Electric Generating Capacity Additions in 2019, Adds 13.3 GW

Note: While there is reference in the below release to the unknown impacts of COVID-19 on projections, we wanted to acknowledge the toll the pandemic is having, and emphasize that projections may need to be revised as the wider effects of the crisis across our interconnected society become clearer. WASHINGTON, D.C. and HOUSTON, TX – Solar accounted for 40% of all new electric generating capacity in the U.S. in 2019, its highest share ever and more than any other source of electricity, with 13.3 gigawatts (GW) installed.

Thursday, Dec 12, 2019

Solar Gains Are Evidence of the ITC’s Success and Why It Should Continue

The latest quarterly data on solar growth shows just how resilient this industry is. Even with misguided tariffs that make U.S. solar systems among the most expensive in the world, fifteen states (and the country as a whole) posted their best quarter ever for residential solar in Q3 2019. Just imagine how many states could have had a record-breaking quarter and how much closer we’d be to our next million solar installations if these tariffs weren’t in place.

Thursday, Dec 12, 2019

U.S. Solar Market and 15 States See Best Quarter Ever for Residential Solar

The U.S. residential solar market reached record highs in the third quarter of 2019 with 712 megawatts of solar installed.

Thursday, Sep 13, 2018

Utility Solar Procurement Booms as Residential Market Stabilizes in Q2 2018

Utility solar project procurement soared in Q2 2018 as component prices declined and home solar installations steadied after a 15 percent contraction last year, according to the latest U.S. Solar Market Insight Report from Wood Mackenzie Power & Renewables (previously known as GTM Research) and the Solar Energy Industries Association (SEIA).

Thursday, Mar 15, 2018

After Back-to-Back Years of Double-Digit Growth, U.S. Solar Passes 50 GW Milestone

At the end of 2015, there was just north of 25 gigawatts (GW) of solar PV installed in the United States. Now, after back-to-back years of double-digit gigawatt growth (15 GW in 2016 and 10.6 GW in 2017), the solar industry has more than doubled its total installed capacity to 53.3 GW through the end of 2017.

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